SummitTX Capital L.P. Purchases 34,041 Shares of The Mosaic Company $MOS

SummitTX Capital L.P. boosted its position in The Mosaic Company (NYSE:MOS) by 131.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 59,874 shares of the basic materials company’s stock after purchasing an additional 34,041 shares during the period. SummitTX Capital L.P.’s holdings in Mosaic were worth $1,527,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MOS. Cary Street Partners Financial LLC lifted its position in shares of Mosaic by 2.0% in the fourth quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock valued at $472,000 after buying an additional 380 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 380 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Mosaic by 4.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 11,914 shares of the basic materials company’s stock valued at $287,000 after acquiring an additional 461 shares during the period. M&T Bank Corp raised its stake in Mosaic by 2.3% in the 4th quarter. M&T Bank Corp now owns 21,101 shares of the basic materials company’s stock valued at $508,000 after acquiring an additional 466 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Mosaic by 51.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,447 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 491 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on MOS shares. Barclays decreased their price objective on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, May 18th. Royal Bank Of Canada raised shares of Mosaic from a “sector perform” rating to an “outperform” rating and lowered their price target for the company from $28.00 to $27.00 in a report on Wednesday, May 13th. Freedom Capital upgraded Mosaic from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, June 17th. Weiss Ratings downgraded Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. Finally, Rothschild & Co Redburn initiated coverage on Mosaic in a report on Friday, June 26th. They set a “buy” rating and a $30.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.11.

Mosaic Stock Down 2.2%

Shares of MOS opened at $22.57 on Thursday. The Mosaic Company has a 12 month low of $19.80 and a 12 month high of $37.08. The firm’s 50 day moving average is $22.18 and its 200-day moving average is $24.81. The stock has a market capitalization of $7.17 billion, a PE ratio of 173.67, a P/E/G ratio of 3.11 and a beta of 0.82. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.93 billion. Mosaic had a return on equity of 4.66% and a net margin of 0.36%.During the same period in the prior year, the company earned $0.49 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. Equities research analysts forecast that The Mosaic Company will post 0.73 EPS for the current year.

Mosaic Company Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.